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FDI flow into Tamil Nadu increases 30.1% in 2021-22

FDT Bureau

FDI flow into Tamil Nadu increases 30.1% in 2021-22
Asim Furniture (for representational purpose)

As per the data from the Department for Promotion of Industry and Internal Trade under the Union Ministry of Commerce and Industry, the FDI increased to about $3 billion in 2021-22 from about $2.3 billion in 2020-21. Amongst the investment that has been across various sectors including furniture manufacturing, the Tamil Nadu Government signed 130 MoUs with companies for a cumulative investment of Rs 68,375 crore which is capable of creating jobs for over 2.05 lakh people, informs Tamil Nadu’s Department of Industries for 2022-23.

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